Post Utme Elizade University 2022 Economics Question 35

Practice objective / multiple choice question 35 from the 2022 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2022 Economics Objective / Multiple Choice
Question 35 POST_UTME_ELIZADE_UNIVERSITY • 2022 • ECONOMICS • objective

A firm is producing at a point where its Marginal Cost (MC) curve intersects the Marginal Revenue (MR) curve. What is the nature of the market structure?

Answer Options

A. Perfect Competition
Correct Answer B. Monopoly
C. Monopolistic Competition
D. Oligopoly
Correct Answer
B
Correct Option:
Monopoly

About This Question

This is Post Utme Elizade University 2022 Economics Question 35. It is one of the objective questions from the 2022 Post Utme Elizade University Economics examination.

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